Press release
Mobile Offshore Drilling Unit (MODU) Market reach at $ 78.89 bn by 2032 | Key Players -Keppel, Sembcorp Marine, DSME, SHI, HHI, CIMC Raffles, CSIC Dalian, COSCO, CMHI
The Global Mobile Offshore Drilling Unit (MODU) Market Analysis Report is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing prospects in Mobile Offshore Drilling Unit (MODU) Market over the next eight years, to 2030.
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Market Driver - The key factor driving the global mobile offshore drilling unit (MODU) market growth is the increase in oil and gas demand due to rising industrialization and urbanization in developing countries such as India and China. According to The World Bank Group, the global annual percentage growth in value addition in the industrial sector, including the construction sector, increased from 2.19% in 2012 to 2.6% in 2020. The global urban population grew from 51.65% (of the total population) in 2010 to 61.4% in 2020, as per the World Bank Group. In addition, the global consumption of liquid fuel is expected to reach 103.04 MPBD by 2021. Such factors will drive the growth of the MODU market during the forecast period.
Market Challenges - The key challenge to the global MODU industry growth is the environmental concerns associated with oil and gas E and P activities. Oil and gas drilling activities cause serious damage to the environment, including oil spills, air and water pollution due to toxic chemical emissions, and climate change because of methane emissions. Fracking also produces large amounts of wastewater containing dissolved chemicals and contaminants such as methane. The violation of laws or international mandates due to the spillage of oil or any oil-related products into the environment entails sizeable penalties, which may vary significantly, both at the regional and the international levels. Hydrocarbon agencies such as Colombia Agencia Nacional de Hidrocarburos and India Directorate General of Hydrocarbons and other safety organizations, such as the International Association of Oil & Gas Producers, play a crucial role in developing norms to provide greater consistency in safe practices in the oil and gas E and P sector. Such factors will limit the market growth in the forecast years.
Major Key players profiled in the report include:
Keppel, Sembcorp Marine, DSME, SHI, HHI, CIMC Raffles, CSIC Dalian, COSCO, CMHI
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Mobile Offshore Drilling Unit (MODU) Market Competitive Intelligence
The proprietary company revenue and product analysis model unveils the Mobile Offshore Drilling Unit (MODU) market structure and competitive landscape. Company profiles of key players with a business description, product portfolio, SWOT analysis, Financial Analysis, and key strategies are covered in the report. It identifies top-performing Mobile Offshore Drilling Unit (MODU) products in global and regional markets. New Product Launches, Investment & Funding updates, Mergers & Acquisitions, Collaboration & Partnership, Awards and Agreements, Expansion, and other developments give our clients the Mobile Offshore Drilling Unit (MODU) market update to stay ahead of the competition. Company offerings in different segments across Asia-Pacific, Europe, Middle East, Africa, and South and Central America are presented to better understand the company strategy for the Mobile Offshore Drilling Unit (MODU) market. The competition analysis enables users to assess competitor strategies and helps align their capabilities and resources for future growth prospects to improve their market share.
Market split by Type, can be divided into:
Jackup (Non-Floating), Semisubmersible (Floating), Drillship (Floating).
Market split by Application, can be divided into:
Relatively Shallow, Deep-water
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The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global Mobile Offshore Drilling Unit (MODU) market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Mobile Offshore Drilling Unit (MODU) industry to help players plan effective expansion strategies.
Regions Covered in the Global Mobile Offshore Drilling Unit (MODU) Market:
• North America (U.S., Canada)
• Europe (U.K., Germany, France, Italy)
• Asia Pacific (China, India, Japan, Singapore, Malaysia)
• Latin America (Brazil, Mexico)
• Middle East & Africa (Kuwait, Saudi Arabia Egypt)
Years Considered to Estimate the Market Size:
History Year: 2019-2020
Base Year: 2021
Estimated Year: 2022
Forecast Year: 2022-2030
What market dynamics does this report cover?
The report shares key insights on:
Current market size
Market forecast
Market opportunities
Key drivers and restraints
Regulatory scenario
Industry trend
New product approvals/launch
Promotion and marketing initiatives
Pricing analysis
Competitive landscape
It helps companies make strategic decisions
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